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Dubai Economic Council to organise international trade seminar

January 23, 2014

The Dubai Economic Council (DEC), in collaboration with international banks, has planned to organise a seminar next week that will highlight the vital role of export credit agencies in providing credit facilities to a country's trading partners. The seminar titled the 'International Trade Finance for Sustainable Economic Development ,' in strategic partnership with Deutsche Bank , Standard Chartered , FIIC and Pinsent Masons , will be held on January 26 in Dubai . The move comes as part of the council's vision to become the strategic partner for the Government of Dubai in economic policy-making and its mission to advise the government on innovative economic strategies and advocate sound economic policies that promote prosperous business environments, productivity, and a healthy investment climate, as well as to enhance Dubai's competitiveness in the world economy, the council said in a statement. DEC Secretary-General, Hani Al Hamli , stated that the seminar centered on the vital role played by export credit agencies such as the US Ex-Im bank to provide credit facilities to countries trading partners such as the UAE and Dubai , in addition to the review of the role of international banks in this area The seminar will also review some of the local entities such as the Dubai Electricity and Water Authority and its experience in the field of international finance. This is followed by a review of financial services and investment which will provide a detailed explanation of the mechanism of action, with respect to financial intermediation, between the US Ex-Im Bank and UAE companies benefiting from the services of the bank, and various areas of cooperation to be provided to local businesses and government agencies concerned. abdulbasit@khaleejtimes.com


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Source: Khaleej Times (United Arab Emirates)


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